Bloomsbury announces its trading update for the four months ended 30 June 2020, ahead of the Company’s Annual General Meeting at 12.00pm today. Bloomsbury experienced strong trading for the first four months of its financial year, ahead of the Board’s expectations, with year-on-year sales growth of 18% during a period of unprecedented disruption caused by the coronavirus pandemic. Our revenue and earnings are weighted towards the second-half, with sales of trade titles rising for Christmas and sales of academic titles being strongest at the beginning of the academic year in the Autumn.
HH Global continues to go from strength-to-strength with the opening of a new operating location in Indonesia. The fast-paced economy of SEA coupled with our growing client requirements made the expansion for HH Global into Indonesia strategically important. Following on from the successful acquisitions of InnerWorkings and Genii, we continue to grow organically in APAC and extending our services into Indonesia supports this approach.
Jakarta adds to the 50+ locations across the world that HH Global are now physically present and adds to our existing 10 operating locations in APAC. Our location in Indonesia will provide the full range of HH Global’s service offerings from consulting, design, retail, print production, events, logistics, packaging and promotional merchandise.
Alan Bittle, CEO APAC commented “We are all thrilled about the launch of our new location in Jakarta. We have many clients in APAC whose needs will be serviced better by us having a team who can work closely with them in Indonesia, providing the invaluable knowledge of local culture combined with HH Global’s ways of working. The HH Global team has been working tirelessly behind the scenes to ensure that we have the resources and capabilities required to service our fantastic client base from day one. This expansion will support our clients’ growth ambitions in this exciting and dynamic market.”